Bitcoin bulls battle for $80K control as US jobs data delivers surprise
Bitcoin traders called a "healthy bullish backtest" as BTC price action kept them guessing over whether $80,000 could be reclaimed....
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TeraWulf's AI Compute Revenue Outpaces Bitcoin Mining Amid $427 Million Loss
TeraWulf reported AI compute revenue surpassing bitcoin mining operations despite posting a $427 million loss, signaling the company's strategic pivot toward artificial intelligence infrastructure. The shift reflects broader crypto-mining sector trends as firms diversify beyond traditional cryptocurrency generation. Bitcoin remains stable near $80,000, while AI infrastructure investments reshape mining economics for investors monitoring sector transformation.
Will Strategy Sell Bitcoin This Year? Traders Are Convinced After Saylor Comments
Strategy (MicroStrategy) CEO Michael Saylor's recent comments sparked trader speculation that the company may sell Bitcoin holdings this year. Bitcoin trades near $80,097. While Saylor has historically been bullish on BTC accumulation, market participants now debate potential liquidation scenarios. This uncertainty could impact Bitcoin's price volatility and institutional investor sentiment globally, including among Indian crypto traders monitoring macro shifts.
Senate Banking Committee plans to hold key market structure hearing on Thursday
Senate Banking Committee scheduled markup hearing for the Digital Asset Market Clarity Act on May 14, moving the stalled crypto market structure bill forward. A compromise on stablecoin yield provisions, brokered by Senators Tillis and Alsobrooks, resolved key blocking issues. Banking groups expressed concerns about the compromise text. The markup represents crucial progress toward potential legislation, though Senate-Agriculture Committee merger and ethics provisions remain outstanding.